Return Filling of Trust or institution

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....shall, if the total income respect of which he is assessable under this Act without giving effect to the provisions of sections 11 and 12 exceeds the maximum amount which is not chargeable to income-tax, furnish a return of such income of the previous year in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed and all the provisio....

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....of filing ROI, that is, by 31st August (b) Application for Condonation Delay if Form is not filed by 31st August * Make application under section 119(2) for condonation of delay Power to condone delay in filing Form 9A delegated to CIT/ CCIT /PCIT. (c) Rate of tax applicable if form 9A Not file * any "specified income" shall be taxable 30% on the aggregate of such specified income (exclu....

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....n exercise of its powers under section 119 of the Act hereby allows those trusts / institutions which have furnished audit report on or before 31st October, 2023 in Form No. 10B where Form No. 10BB was applicable and vice-versa, to furnish the audit report under clause (b) of the tenth proviso to section 10(23C) and sub-clause (ii) of clause (b) of section 12A(1) of the Income-tax Act, 1961, in th....